1711 New RdLinwood, NJ 08221

Property Details for 1711 New Rd

Year built

1960

Construction

CONCRETE BLOCKS

Lot size

5.99 AC

Property size (Sq ft)

2,392 SF

Zone code

BUS

Property type

Commercial real estate

APN

14 00001-0000-00028

APU

1400001000000028

Description

This exceptional 5.99-acre commercial land parcel, located at 1711 New Road in Linwood, New Jersey (08221), presents a unique investment opportunity. Priced at $399,000, this property boasts over 200 feet of frontage on New Road, ensuring high visibility and accessibility. The property's zoning is CO, and it is situated on Block 1, Lot 28. Previously occupied by a Garden State Gas Station, the site is undergoing remediation. Soil testing is complete, and groundwater testing is currently in progress. The seller has actively collaborated with the Department of Environmental Protection to increase the buildable area, with final approvals pending. The property includes a first-floor shop and a second-floor apartment, offering potential for redevelopment or repurposing. With its substantial size, prime location, and ongoing environmental improvements, this property is ideal for a variety of commercial ventures. The total square footage is 2,392, with a price per square foot of $166.81. This is a rare opportunity to acquire a well-situated commercial property in Atlantic County, New Jersey, with significant development potential. Don't miss out on this chance to capitalize on this promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $873,324

  6.5%

  $806,145

  7%

  $748,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $312,539

  Geo Method

  $312,539

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,577,990

  Retail / Commercial

  $810,972

  Mixed-Use / Specialty

  $809,488

  Hospitality / Lodging

  $595,728

  Office

  $806,145

  Institutional / Educational

  $842,045

  Residential Income

  $985,192

  Multifamily

  $1,173,790

  Automotive / Energy

  $721,753

  Parking / Income-Based Land

  $247,678

  Restaurant / Food Service

  $424,024

  Healthcare / Senior Housing

  $828,672

Location Insight

City

Linwood

County

Atlantic

State

New Jersey

Latitude

39.3408

Longitude

-74.5861

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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